{"id":25517,"date":"2011-04-07T09:32:00","date_gmt":"2011-04-07T09:32:00","guid":{"rendered":""},"modified":"2020-09-25T09:37:28","modified_gmt":"2020-09-25T09:37:28","slug":"tranzactiile-bursiere-3","status":"publish","type":"post","link":"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/","title":{"rendered":"TRANZACTIILE BURSIERE"},"content":{"rendered":"
<\/div>
– toate contr. de v\u00e2nzare – cump. de titluri si alte active financiare, incheiate pe piata secundara, indiferent daca este vorba de bursa propriu-zisa sau de pietele interdealeri.<\/div>\n
\n<\/div>\n
Tranzactiile cu titluri fin. primare<\/b> – actiuni si obligatiuni op. specifice pe pietele de tip american si cele de la bursele de tip european.<\/div>\n
\n<\/div>\n
La bursele americane<\/b>: tranzactii bursiere pot fi pe bani gheata (c\u00e2nd investitorii trebuie sa acopere integral, cu fonduri banesti, contravaloarea titlurilor financiare cumparate); in marja (c\u00e2nd investitorii primesc din partea soc. de bursa un credit pt. incheirea si executarea contr. de bursa).<\/div>\n
\n<\/div>\n
D.p.d.v. al momentului executarii contract<\/b>:<\/div>\n
– tranzactii cu lichidare imediata<\/div>\n
– tranzactii cu lichidare normala (plata intr-un numar de zile)<\/div>\n
– tranzactii cu lichidare pe baza de aranjament special<\/div>\n
– tranzactii cu lichidare la emisiune (pt. titlurile care nu au fost inca emise)<\/div>\n
Tranzactii specifice pe pietele americane sunt \u201cv\u00e2nzarile scurte<\/i>\u201d, v\u00e2nzarea in bursa a unor titluri, cu executarea contractului dupa formula contractului lichidarii normale, dar pe baza de titluri imprumutate.<\/div>\n
\n<\/div>\n
La bursele europene, categorii de tranzactii<\/b>:<\/div>\n
– la vedere (executarea contrac. are loc in c\u00e2teva zile)<\/div>\n
– la termen (executarea contrac. are loc la o data fixa urmatoare)<\/div>\n
– operatiunile conditionale (executarea la termen cu posibilitaea de a alege intre executarea contractului sau abandonarea contractului prin plata unei prime catre v\u00e2nzator)<\/div>\n
\n<\/div>\n
Operatiuni cu titluri financiare derivate<\/b>:<\/div>\n
– contr. futures<\/div>\n
– contr. cu optiuni<\/div>\n
Optiuni futures<\/b> consta in asumarea prin contract a obligatiei de a cumpara sau vinde o suma in valuta sau titluri financiare la o data viitoare, pretul fiind stabilit in momentul incheierii contractului; obiectivul principal al contractului nu este primirea sau livrarea efectiva a valutei sau h\u00e2rtiilor de valoare, ci obtinerea unei diferente favorabile la cursul de schimb sau la dob\u00e2nda.<\/div>\n
\n<\/div>\n
Optiuni pe instrumente financiare<\/b>:<\/div>\n
– se realiz. prin: valute, contr. futures, indicii de bursa;<\/div>\n
– pot fi: de cumparare, de v\u00e2nzare<\/div>\n
\n<\/div>\n
Optiuni pe valute<\/b>: cumparatorul unei optiuni call  are dreptul dar nu si obligatia de a cumpara la o anumita data, la un curs de exercitare stabilit, o anumita valuta contra platii primei (pretul optiunii). Elementul critic este evolutia cursului valutar: in cazul cresterii acestuia, cumparatorul de call va fi avantajat, v\u00e2nzatorul ram\u00e2n\u00e2nd  in pierdere; in cazul scaderii cursurilor, cumparatorul de put va fi avantajat. Operatiunea poate fi valorificata direct, prin v\u00e2nzarea ei ca titlu financiar sau prin exercitare.<\/div>\n
\n<\/div>\n
Optiuni pentru contracte futures<\/b>: cumparatorul optiunii are dreptul de a cumpara (la call) sau de a vinde (la put) un anumit contract futures, pt. o data de exercitare, cu un anumit pret (prima). Daca pretul contractului futures creste, valoarea optiunilor call pe acel contract creste, in schimb scade valoarea optiunilor put. La exercitarea optiunii v\u00e2nz. acesteia plateste cumparatorului sau primeste de la acesta o suma egala cu diferenta dintre pretul curent al contractului futures si pretul de exercitare a optiunii.<\/div>\n
\n<\/div>\n
Optiuni pe indici de bursa<\/b>: valoarea contractului asupra caruia poarta optiunea este de terminata prin inmultirea nivelului cotat al indicelui cu un multiplicator specificat de bursa.<\/div>\n
\n<\/div>\n
Diferenta dintre nivelul cotat<\/b> si valoarea curenta a indicelui este platita catre\/de catre cumparatorul optiunii de catre\/catre v\u00e2nzatorul acesteia.<\/div>\n
\n<\/div>\n
D.p.d.v. al scopului efectuarii lor<\/b>:<\/div>\n
a. operatiuni speculative  <\/div>\n
b. operatiuni de arbitraj<\/div>\n
c. operatiuni de acoperire sau de hedging hedging-ul urmareste conservarea valorii activelor in conditiile unei piete instabile si nu obtinerea unui profit<\/div>\n
d. operatiuni cu caracter tehnic<\/div>\n
\n<\/div>\n
SISTEME DE TRANZACTII:<\/o:p><\/b><\/div>\n
\n<\/div>\n
Pietele bursiere<\/b>: piete de auctiune sau piete de negocieri <\/div>\n
Bursele de valori sunt piete de auctiune.<\/div>\n
Pietele interdealeri (OTC) sunt piete de negocieri.<\/div>\n
\n<\/div>\n
D.p.d.v. al modului de functionare a pietelor bursiere<\/o:p><\/b><\/div>\n
1. Pietele bursiere intermitente opereaza cu oferte simultane de vanz.\/cump., ordinele fiind concentrate si executate in acelasi timp. Neg. titlurilor se realiz. prin licitatie deschisa.<\/div>\n
2.  Pietele bursiere continue; ordinele de vanz.\/cump. de titluri pot fi plasate tot timpul cat piata este in functiune, iar contractarea are loc pe o baza continua.<\/div>\n
3. Pietele bursiere mixte<\/div>\n
\n<\/div>\n
\n<\/div>\n
\n<\/div>\n
<\/div>","protected":false},"excerpt":{"rendered":"

– toate contr. de v\u00e2nzare – cump. de titluri si alte active financiare, incheiate pe piata secundara, indiferent daca este vorba de bursa propriu-zisa sau de pietele interdealeri. Tranzactiile cu titluri fin. primare – actiuni si obligatiuni op. specifice pe pietele de tip american si cele de la bursele de tip european. La bursele americane: […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"yoast_head":"\nTRANZACTIILE BURSIERE - Jobs\/ Internships\/ Scholarships\/<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRANZACTIILE BURSIERE - Jobs\/ Internships\/ Scholarships\/\" \/>\n<meta property=\"og:description\" content=\"– toate contr. de v\u00e2nzare – cump. de titluri si alte active financiare, incheiate pe piata secundara, indiferent daca este vorba de bursa propriu-zisa sau de pietele interdealeri. Tranzactiile cu titluri fin. primare – actiuni si obligatiuni op. specifice pe pietele de tip american si cele de la bursele de tip european. La bursele americane: […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Jobs\/ Internships\/ Scholarships\/\" \/>\n<meta property=\"article:published_time\" content=\"2011-04-07T09:32:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-25T09:37:28+00:00\" \/>\n<meta name=\"author\" content=\"eurointern\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"eurointern\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/\",\"url\":\"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/\",\"name\":\"TRANZACTIILE BURSIERE - Jobs\/ Internships\/ Scholarships\/\",\"isPartOf\":{\"@id\":\"https:\/\/rubyskynews.com\/#website\"},\"datePublished\":\"2011-04-07T09:32:00+00:00\",\"dateModified\":\"2020-09-25T09:37:28+00:00\",\"author\":{\"@id\":\"https:\/\/rubyskynews.com\/#\/schema\/person\/2bf02c24278f4ce807817c8f91add34d\"},\"breadcrumb\":{\"@id\":\"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/rubyskynews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TRANZACTIILE BURSIERE\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/rubyskynews.com\/#website\",\"url\":\"https:\/\/rubyskynews.com\/\",\"name\":\"Jobs\/ Internships\/ Scholarships\/\",\"description\":\"Internships\/ Scholarships\/ Grants\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/rubyskynews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/rubyskynews.com\/#\/schema\/person\/2bf02c24278f4ce807817c8f91add34d\",\"name\":\"eurointern\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/rubyskynews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4ba0ee69eda3e0c9ec9a3c49a6c7a82b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4ba0ee69eda3e0c9ec9a3c49a6c7a82b?s=96&d=mm&r=g\",\"caption\":\"eurointern\"},\"sameAs\":[\"http:\/\/rubyskynews.com\"],\"url\":\"https:\/\/rubyskynews.com\/index.php\/author\/eurointern28gmail-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"TRANZACTIILE BURSIERE - Jobs\/ Internships\/ Scholarships\/","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/","og_locale":"en_US","og_type":"article","og_title":"TRANZACTIILE BURSIERE - Jobs\/ Internships\/ Scholarships\/","og_description":"– toate contr. de v\u00e2nzare – cump. de titluri si alte active financiare, incheiate pe piata secundara, indiferent daca este vorba de bursa propriu-zisa sau de pietele interdealeri. Tranzactiile cu titluri fin. primare – actiuni si obligatiuni op. specifice pe pietele de tip american si cele de la bursele de tip european. La bursele americane: […]","og_url":"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/","og_site_name":"Jobs\/ Internships\/ Scholarships\/","article_published_time":"2011-04-07T09:32:00+00:00","article_modified_time":"2020-09-25T09:37:28+00:00","author":"eurointern","twitter_card":"summary_large_image","twitter_misc":{"Written by":"eurointern","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/","url":"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/","name":"TRANZACTIILE BURSIERE - Jobs\/ Internships\/ Scholarships\/","isPartOf":{"@id":"https:\/\/rubyskynews.com\/#website"},"datePublished":"2011-04-07T09:32:00+00:00","dateModified":"2020-09-25T09:37:28+00:00","author":{"@id":"https:\/\/rubyskynews.com\/#\/schema\/person\/2bf02c24278f4ce807817c8f91add34d"},"breadcrumb":{"@id":"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/rubyskynews.com\/index.php\/2011\/04\/07\/tranzactiile-bursiere-3\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/rubyskynews.com\/"},{"@type":"ListItem","position":2,"name":"TRANZACTIILE BURSIERE"}]},{"@type":"WebSite","@id":"https:\/\/rubyskynews.com\/#website","url":"https:\/\/rubyskynews.com\/","name":"Jobs\/ Internships\/ Scholarships\/","description":"Internships\/ Scholarships\/ Grants","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/rubyskynews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/rubyskynews.com\/#\/schema\/person\/2bf02c24278f4ce807817c8f91add34d","name":"eurointern","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/rubyskynews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4ba0ee69eda3e0c9ec9a3c49a6c7a82b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4ba0ee69eda3e0c9ec9a3c49a6c7a82b?s=96&d=mm&r=g","caption":"eurointern"},"sameAs":["http:\/\/rubyskynews.com"],"url":"https:\/\/rubyskynews.com\/index.php\/author\/eurointern28gmail-com\/"}]}},"_links":{"self":[{"href":"https:\/\/rubyskynews.com\/index.php\/wp-json\/wp\/v2\/posts\/25517"}],"collection":[{"href":"https:\/\/rubyskynews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rubyskynews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rubyskynews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rubyskynews.com\/index.php\/wp-json\/wp\/v2\/comments?post=25517"}],"version-history":[{"count":0,"href":"https:\/\/rubyskynews.com\/index.php\/wp-json\/wp\/v2\/posts\/25517\/revisions"}],"wp:attachment":[{"href":"https:\/\/rubyskynews.com\/index.php\/wp-json\/wp\/v2\/media?parent=25517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rubyskynews.com\/index.php\/wp-json\/wp\/v2\/categories?post=25517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rubyskynews.com\/index.php\/wp-json\/wp\/v2\/tags?post=25517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}